The correct option is B 11100 No. of shares =100000200=5000 PV=20(100108)=1851 Total dividend =PV× Dividend× No. of shares =1851×12100 ...

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Question

Premium % is $8$ %. Dividend % is $12$ %. Amount invested is $100000$ . MV is $20$ . Calculate total dividend annually.

11111

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11100

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11110

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None

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Solution

The correct option is B $11100$
No. of shares $= \frac{100000}{200} = 5000$
$P V = 20 (\frac{100}{108}) = 1851$
Total dividend $= P V \times D i v i d e n d \times N o . o f s h a r e s$
$= 1851 \times \frac{12}{100} \times 5000$
$= 11100$

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